Silver also zoomed on heavy stockist buying amidst industrial off-take.
Standard gold (99.5 purity) rallied by Rs 670 to close at Rs 28,840 per 10 gm from Thursday's closing level of Rs 28,170.
Pure gold (99.9 purity) also galloped by Rs 680 to finish at Rs 28,980 per 10 gm from Rs 28,300.
Silver ready (.999 fineness) shot-up by Rs 1,385 per kg to end at Rs 54,085 as against Rs 52,700 previously.
In Europe, gold rose on strong euro amidst hectic short-covering as well as the precious metals once again returning to 'safe haven' tag.
Spot gold was bid higher at USD 1,587.46 an ounce in early trade, silver also bid up at USD 28.36 an ounce.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app